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Tax, SDIRAs & Cost Segregation

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Dan Miller
  • Washington, Washington D.C.
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91
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LLC setup

Dan Miller
  • Washington, Washington D.C.
Posted Aug 3 2008, 10:48

If I live in DC and don't yet know where I'll do business (MD, VA, or DC or all three), would it make sense to set up an LLC in the district, MD, or VA? Is this question best answered by a lawyer or a CPA? I'm meeting with a lawyer on Thursday, but wonder if it's more of a tax question than anything else.

For a sole member LLC, if I whole properties in the two states and in the district, where would I end up paying taxes (given that I live in DC)? All 3 states/district? Just in DC? How does that work?

Thanks!

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